Suffering their second-worst year ever didn't hit hedge funds where it hurts in January, according to a new report.

Investor redemptions fell to a record low in January, according to the GlobeOp Capital Movement Index. Gross outflows were just 0.53% on the month, while net inflows rose to 2.25%, the best figure since September.

GlobeOp Financial Services CEO Hans Hufschmid attributed the numbers in part to portfolio rebalancing and reallocation. But, he said, there could be other factors.

"It could well be that in zero interest rate environment and a challenging equity market, a diversified portfolio of hedge fund investments in becoming an ever-more attractive alternative," he told Reuters. "Investors remain committed to the hedge fund sector."